FLORSHEIM GROUP INC
10-Q/A, 1998-05-19
FOOTWEAR, (NO RUBBER)
Previous: G/O INTERNATIONAL INC, 10QSB, 1998-05-19
Next: PUTNAM INVESTMENT FUNDS, N-30D, 1998-05-19



<PAGE>   1

   ======================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D. C.  20549
                        --------------------------------
                                 FORM 10-Q/A-1
(Mark one)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED
     APRIL 4, 1998 OR
     -------------

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM
                             TO                        
     -----------------------    -----------------------

                       COMMISSION FILE NUMBER 1-13474
                            FLORSHEIM GROUP INC.
           (Exact name of registrant as specified in its charter)


                   Delaware                                     36-3520923     
- ------------------------------------------------            -------------------
(State or other jurisdiction of incorporation or            (I.R.S. Employer   
organization)                                               Identification No.)

200 North LaSalle Street, Chicago, Illinois                     60601-1014
- -------------------------------------------                 -------------------
(Address of principal executive offices)                        (Zip Code)

       Registrant's telephone number, including area code (312) 458-2500
                                                          --------------

                               Not Applicable
            ----------------------------------------------------
            (Former name, former address and former fiscal year,
                        if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirement for the past 90 days.  Yes  [X]  No  [ ]


APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

                       8,412,901 Shares as of May 1, 1998
                       ----------------------------------

   ======================================================================


<PAGE>   2


                                  SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of  1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                      FLORSHEIM GROUP INC. 
                                          (Registrant)      
                             
                             
                                  By  /s/ Thomas E. Poggensee           
                                      -----------------------           
                                      Thomas E. Poggensee               
                                      Treasurer, Secretary, Controller  
                                      and Chief Accounting Officer      
                             



Date:  May 18, 1998





<TABLE> <S> <C>

<ARTICLE> 5
<CIK> 0000928908
<NAME> FLORSHEIM GROUP INC.
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JAN-02-1999
<PERIOD-START>                             JAN-04-1998
<PERIOD-END>                               APR-04-1998
<EXCHANGE-RATE>                                      1
<CASH>                                           3,903
<SECURITIES>                                         0
<RECEIVABLES>                                   32,020
<ALLOWANCES>                                     1,054
<INVENTORY>                                     77,460
<CURRENT-ASSETS>                               121,410
<PP&E>                                          49,028
<DEPRECIATION>                                  21,766
<TOTAL-ASSETS>                                 182,961
<CURRENT-LIABILITIES>                           27,295
<BONDS>                                         76,912
                                0
                                          0
<COMMON>                                         8,413
<OTHER-SE>                                      46,558
<TOTAL-LIABILITY-AND-EQUITY>                   182,961
<SALES>                                         58,670
<TOTAL-REVENUES>                                58,670
<CGS>                                           30,886
<TOTAL-COSTS>                                   24,898
<OTHER-EXPENSES>                                     2
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               2,066
<INCOME-PRETAX>                                    822
<INCOME-TAX>                                       296
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       526
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                   (0.06)
        

</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission